Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. At a quantity demanded of 750, there is an excess
A. demand of 300 sunglasses if the price is $60.
B. supply of 300 sunglasses if the price is $30.
C. demand of 450 sunglasses if the price is $60.
D. demand of 450 sunglasses if the price is $30.
Answer: D
You might also like to view...
Assume there is a simultaneous decrease in the incomes of people in the market for new homes and a decrease in the wages paid to carpenters, plumbers, and electricians
All else constant, we can predict, with certainty, that in the market for new homes the equilibrium: A) quantity of new homes will decrease. B) quantity of new homes will increase. C) price of new homes will decrease. D) price of new homes will increase.
Suppose a bank has total assets of $4,000,000,000, of which $1,000,000,000 are cash assets and government securities with a "risk weight" of 0% and $3,000,000,000 are loans with a risk weight of 50%
The bank has total deposits and other liabilities of $3,500,000,000. The bank's risk-based capital ratio is A) 14.3%. B) 25.0%. C) 33.3%. D) 37.5%.
Answer the following statements true (T) or false (F)
1. Constant-dollar GDP can be converted into current-dollar GDP by multiplying the real GDP by the implicit price defoliators 2. The GDP does not include raw materials used up in the productive process. 3. The GDP makes no measurement of the deterioration of the natural environment. 4. National income is equivalent to total earnings in the form of wages, rent, interest, and profits. 5. Transfer payments are added to NI in the process of determining personal income.
A free rider is a person who
a. will only purchase a product on sale. b. receives the benefit of a good but avoids paying for it. c. can produce a good at no cost. d. rides public transit regularly.